Bobby Bryant, M.Ed.’s Post

After The NAR SETTLEMENT: 5 Things Real Estate Agents "MUST" Do Right Now! Are you ready to change, with the changes? #realestate #realestateagent #realesatechanges #change #nar #settlement https://lnkd.in/gYNYCh7j

🔒🚫 Agent & Solicitors vs. Us: The SHOCKING Truth! 💰🔑 Are you being DUPED by your agent and solicitors? They've got their priorities – and guess what? YOUR PROPERTY isn't at the top of the list! 😱💼 🏡 Agents chase COMMISSIONS, and solicitors want to pad their BANK ACCOUNTS. They're all about that TRANSACTION, not YOUR PROPERTY. Plus, every new question or concern? It's a money-making opportunity for them! 💸💔 But here's the TWIST! We've got NO SKIN IN THE GAME. Our advice is OBJECTIVE and sometimes BLUNT if necessary. We're not here to sugarcoat; we're here to give you the COLD, HARD TRUTH. 💡❗ 💪 We're not saying we're miracle workers, but we'll ARM YOU with the KNOWLEDGE you need from the get-go. No more moving forward blindly, only to discover your "dream" property is a "MONEY PIT" nightmare. 💸🕳️ 🔍 Hesitating on your offer is a DOUBLE-EDGED SWORD! You risk LOSING the property or compromising the sale of your current one. We can't eliminate risk, but we'll SLASH IT to a MINIMUM, helping you make a SWIFT, WELL-INFORMED offer that's practically GUARANTEED to PAY OFF! 💰💼 Ready to UNCOVER the truth? Don't let the property game play you. Let's change the rules together! 🚀🏠 Learn more: https://lnkd.in/e2H_Hgmt #propertyappraisal #propertyinsights #propertyadvice #londonhomes #propertyvaluation #homebuyertips #realestate #propertyassessment 

The proposed NAR settlement introduces significant change to real estate transactions. In my latest blog post, I analyze the implications for both buyers and sellers, offering guidance to navigate these changes effectively. #RealEstate #NARSettlement

National Association of Realtors (NAR) has proposed a substantial settlement The National Association of Realtors (NAR) has proposed a substantial settlement in response to lawsuits regarding broker commissions. This proposal is a notable event within the real estate industry, marking a shift in how transactions and compensations are handled. #NAR #NARCommissionLawsuit

Dispelling Misconceptions: Understanding the NAR Settlement In recent weeks, there has been a flurry of media coverage surrounding the National Association of Realtors (NAR) and a significant settlement. Unfortunately, much of this coverage has been rife with misunderstandings and misinformation. Today, we’re setting the record straight and debunking some of the most common misconceptions about the NAR settlement. continue reading... link below! #narsettlement #myths #truth #realestatenews #marketknowledge #localexpert #mpmiamirealestate #luxeknows

🏠 Exciting News for Real Estate Professionals! 🏠 The real estate industry is abuzz with the latest announcement from the National Association of Realtors® (NAR) regarding the proposed settlement agreement to the Sitzer-Burnett verdict. This agreement is a significant development that aims to address concerns surrounding broker commissions and promises to bring about positive changes within our industry. Key Details of the Settlement: Coverage extends to over one million NAR members, state/territorial, and local Realtor® associations. All association-owned Multiple Listing Services (MLSs) and qualifying brokerages are included. The settlement awaits court approval, marking a pivotal moment for the real estate community. But that's not all! The settlement also introduces additional provisions: Implementation of a new rule prohibiting offers of compensation on the MLS, with compensation options moved off-platform. Mandatory written agreements for MLS participants working with buyers. NAR's commitment to pay $418 million over approximately four years, with no impact on 2024 membership dues. NAR continues to affirm the benefits of cooperative compensation and its policies. As real estate professionals, it's crucial for us to stay informed and adapt to these changes. This settlement presents an opportunity for us to uphold transparency and fairness in our transactions while continuing to provide top-notch service to our clients. Join me in embracing this exciting development and let's continue to excel in our roles within the dynamic world of real estate! #RealEstate #NARSettlement #BrokerCommissions #MLS #RealEstateProfessionals #IndustryNews #Adaptability #Transparency

This is a good explanation of what the NAR Settlement is and how it will impact consumers and Realtors. Worth the read.

NAR Settlement Explained… (Part 2) The misconceptions surrounding the recent NAR settlement are rampant, even being perpetuated by the news media and the POTUS himself! 😲 A lot of Americans are under the impression that the settlement eliminates the requirement for sellers to pay a buyer agent’s commission for the first time, which is NOT the case. Sellers have never been required or obligated to pay a buyer’s agent’s commission, although it is oftentimes in their best interest to authorize payment to a cooperating broker if their goal is to sell their home quickly and for the highest price. It's my opinion that this settlement is NAR’s attempt to resolve the issue after realizing that a significant portion of its membership could’ve unintentionally misled their clients (and the general public) regarding how commissions are to be negotiated and paid. The uncertainty and challenges will likely cause the number of active REALTORS® to shrink dramatically in the near future. However, the agents that are able to pivot and remain in business will undoubtedly have a great opportunity to expand their market share while also working to return a high standard of excellence, accountability, and integrity to the profession. As a REALTOR® myself, I have no intention of leaving the industry that I've come to know and love. The NAR settlement will be a powerful catalyst for meaningful and welcomed change. I don’t claim to know what the future of our industry will look like, but I’m confident in the knowledge, experience, and value that I bring to the closing table for my clients. Check out Part 2 of my video series on the NAR lawsuit settlement and let me know your thoughts! #nationalassociationofrealtors #narsettlement #realtorlife #realestate https://lnkd.in/giXvnG8x

https://lnkd.in/gdYb-9Yq The linked article is interesting and stimulating, and evidences what seems to be a large chasm between the general public and real estate licensees relative to the recent settlement proposed/tendered (which will result in modifications to business rules and practices) by the National Association of Realtors (NAR) and other large brokerages in the federal commission litigation. The full article is fascinating and worth a close read, but a good summary can be found at the start of the article, wherein it is stated: "There is a large gap between how the American public feels about the business practice changes outlined in the [NAR] nationwide commission lawsuit settlement agreement and how real estate professionals feel about them. According to a survey published by Clever Real Estate, 67% of the general public supports the changes, while 70% of real estate agents oppose them." #realestate #homebuying #homeselling #realestatecommissions #realestatelicenseecompensation #commissionlitigation #NARproposedsettlement #stakeholderviewsofcommissionlitigationsettlement

Going to leave this here as my first & last post about the NAR Settlement. Here are 3 takeaways regarding the NAR Settlement from the #1 real estate agent in America: 1. Encourage Cooperative Compensation from your sellers - “Mr. or Mrs. Seller, if you want more offers on your house, I encourage you to offer something to the buyers agent.” 2. The people who will hurt the most are first time buyers and government loans (low down payments). There needs to be a restructure of compensation whether it comes from lenders or real estate disclosures, and/or seller credits. 3. It doesn’t make senes to perform Dual Agency on a transaction because there is nothing to gain.  You are asking for potential lawsuits / disagreements, and dont get paid more for doing the work, no financial gain. I wouldn’t be surprised if NAR fades away and we start to see a new national portal come to light!  Stay positive and would love to hear everyone's thoughts! 😎 #business #realestate #change